Man gets arrested for duping bank in Nagaland with Rs, 2crore

DIMAPUR: Dimapur police have arrested one person from the Gonda district in Uttar Pradesh (UP) on charges of defrauding the Nagaland Co-operative Bank Dimapur with Rs 2 crore.

The accused has been identified as Gyanendra Singh (26).

The arrest came after the bank filed a complaint alleging that unknown persons caused them a Rs 2 crore financial loss in 2020-21 by filing false chargeback claims on Automated Teller Machine (ATM) transactions using numerous ATM cards from various banks, Dimapur police said in a statement today.

Personal bank accounts were initially created through the arrested person in numerous banks across the nation, particularly in Chandigarh and Uttar Pradesh, according to an investigation led by ACP ‘C' Division.

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After the opening of the accounts, physical travels are made to Dimapur to withdraw cash from the ATM of Co-operative Bank Dimapur.

On successful withdrawal of cash, the person used to travel back to other states and make false chargebacks from the parent bank branch on the concocted claim that during the ATM withdrawal process, the amount was debited from his account even though the ATM could not dispense the required cash.

Six ATM cards of Punjab National Bank and SBI, an Aadhaar card, and a flight ticket were also seized from the possession of the arrested person.

In this connection, a case has been registered against the accused in the West Police Station, Dimapur.

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